1. Question Content Area

Cost of Goods Sold, Cost of Goods Manufactured

Glenville Company has the following information for April:

Cost of direct materials used in production		$62,000
Direct labor		70,000
Factory overhead		26,000
Work in process inventory, April 1		48,000
Work in process inventory, April 30		52,000
Finished goods inventory, April 1		25,000
Finished goods inventory, April 30		20,000

Question Content Area

a. For April, determine the cost of goods manufactured.

Using the data given, prepare a statement of Cost of Goods Manufactured.

Glenville Company Statement of Cost of Goods Manufactured

Direct laborFactory overheadFinished goods inventory, April 30Work in process inventory, April 1		$- Select -
Cost of direct materials used in productionCost of goods manufacturedWork in process inventory, April 1Work in process inventory, April 30	$- Select -
Direct laborFinished goods inventory, April 1Work in process inventory, April 1Work in process inventory, April 30	- Select -
Cost of finished goods available for saleFactory overheadFinished goods inventory, April 30Work in process inventory, April 1	- Select -
Total manufacturing costs incurred in April		fill in the blank 730746f5301f013_9
Total manufacturing costs		$fill in the blank 730746f5301f013_10
Direct laborFactory overheadFinished goods inventory, April 30Work in process inventory, April 30		- Select -
Cost of goods manufactured		$fill in the blank 730746f5301f013_13

Question Content Area

b. For April, determine the cost of goods sold.

Using the data given, prepare a statement of Cost of Goods Sold.

Glenville Company Statement of Cost of Goods Sold

Cost of goods available for saleFinished goods inventory, April 1Finished goods inventory, April 30Work in process inventory, April 1	$- Select -
Cost of goods available for saleCost of goods manufacturedFactory overheadFinished goods inventory, April 30	- Select -
Cost of direct materialsCost of finished goods available for saleDirect laborFinished goods inventory, April 30	$- Select -
Cost of goods available for saleCost of goods manufacturedFinished goods inventory, April 1Finished goods inventory, April 30	- Select -
Cost of goods sold	$fill in the blank 81f665f7f063042_9